BBN Take-A-Break | DREWRY MULTIPURPOSE CHARTER INDEX GIVES UP HALF THE POST-PANDEMIC GAINS

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Your Newsletter For Heavylift, Breakbulk & Project Cargo

Your Newsletter For Heavylift, Breakbulk & Project Cargo

LATEST NEWS

DREWRY MULTIPURPOSE CHARTER INDEX GIVES UP HALF THE POST-PANDEMIC GAINS

The Drewry Multipurpose Time Charter Index, over its latest quote has settled at USD 8,686 registering a month-on-month (MoM) dip of 2.54%. The index has give up about 23% from its highest ever level recorded at USD 11,170 in April-2022…

GXO reports second quarter 2023 results

GXO Logistics has announced results for the second quarter 2023. Malcolm Wilson, Chief Executive Officer of GXO, said, “We’re pleased to have delivered an exceptional performance in the second quarter, including double-digit top- and bottom-line growth. We increased our market…

Huisman Awarded Contract to Equip Seaway7’s Jack-Up Vessel, Seaway Ventus, with Cutting-Edge Monopile Installation Spread

Huisman, a leading global provider of lifting equipment solutions, has been granted a prestigious contract by Seaway7, a part of the esteemed Subsea7 Group, for the complete delivery of a state-of-the-art monopile installation spread tailored for the jack-up vessel, Seaway…

INDUSTRIAL UPDATE

The Global Container Shipping Outlook: Navigating Amidst Mounting Pressure and a Flood of New Capacity

In this comprehensive report, we delve into the intricate dynamics of the global container shipping industry, analyzing the challenges and opportunities that lie ahead. The container shipping sector is a…

Sea & Ports Group Finalizes Acquisition of NAL Maroc, Strengthening African Presence

Sea & Ports Group, a prominent player in the maritime industry, has successfully completed the acquisition of NAL Maroc Maritime Agency, solidifying its foothold in the African continent. The acquisition,…

Sangomar Marks First Use of Subsea7’s Swagelining® System with Woodside

Subsea7 has successfully completed the polymer lining scope of Woodside Energy's Sangomar Field Development Phase 1 project, marking first use of Subsea7’s Swagelining® Polymer Liner System offshore West Africa and…

PORT UPDATE

Hapag-Lloyd Completes Full Acquisition of SM SAAM’s Terminal Business and Logistics Services

Hapag-Lloyd successfully completed its 100 % acquisition of SM SAAM’s terminal business and related logistics services, which is based on an agreement announced in October 2022. The transaction was approved unconditionally by the relevant antitrust authorities of all countries involved…

Enstructure Completes Transfer of Port of Wilmington Operations from GT USA

this transfer of operations presents a promising opportunity for the Port of Wilmington's growth and development. As Enstructure takes the helm, stakeholders and customers can anticipate a new era of efficient operations, revitalized infrastructure, and sustainable economic progress. The collaboration…

Navigating the Canada Port Dispute: Impacts and Solutions

The Canada port dispute has stirred tensions within the shipping and logistics industry. Recent negotiations have shown progress, but the conflict between the Canada Port Authority and the Union of Dockworkers persists.

Five top tips for sourcing port cyber-attack insurance cover

By Armada Risk Partners CEO Ed McNamara, Cleveland Ohio port insurance broker Port cyber-attacks are now one of the biggest and most sophisticated threats facing port operators. Nagoya in Japan has become the latest in a long line of global…

LETTER TO THE EDITOR

DREWRY MULTIPURPOSE CHARTER INDEX GIVES UP HALF THE POST-PANDEMIC GAINS

3 August 2023

The Drewry Multipurpose Time Charter Index, over its latest quote has settled at USD 8,686 registering a month-on-month (MoM) dip of 2.54%. The index has give up about 23% from its highest ever level recorded…

MORE NEWS

The Global Container Shipping Outlook: Navigating Amidst Mounting Pressure and a Flood of New Capacity

In this comprehensive report, we delve into the intricate dynamics of the global container shipping industry, analyzing the challenges and opportunities that lie ahead. The container shipping sector is a vital component of the international…

Sea & Ports Group Finalizes Acquisition of NAL Maroc, Strengthening African Presence

Sea & Ports Group, a prominent player in the maritime industry, has successfully completed the acquisition of NAL Maroc Maritime Agency, solidifying its foothold in the African continent. The acquisition, approved by the Competition Council…

Jumbo Maritime Joins Esgian as Pilot Client for Multipurpose Vessel Platform

In a significant collaboration, Jumbo Maritime has partnered with Esgian, a Norway-based service performance and benchmarking analyst, to become the pilot client for their newly launched multipurpose vessel (MPP) platform. This move aims to leverage…

Severe Fire Breaks Out on Car Carrier Fremantle Highway, Raising Safety Concerns Around Lithium-Ion Batteries

On Tuesday, 25th July, a distressing incident unfolded as a severe fire erupted on the car carrier, the Fremantle Highway, which BBN reported on earlier. Tragically, one crew member lost his life, and 22 others…

EU’s Pioneering Agreement: Leading Maritime Sector Towards Climate Neutrality

The deal on cleaner maritime fuels is a resolute step towards a greener and more sustainable maritime sector. By setting ambitious emission reduction targets, providing incentives for renewable fuels, and promoting on-shore power supply, the…

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Breakbulk.News is an independent global media channel that keeps you informed of the latest news, industry updates and analysis in the Breakbulk, Heavylift, Project Freight and Logistics industry. We are committed to opening up the industry by Bringing Breakbulk Together. Uncovering your news, industry updates and market analysis, piece by piece. Breakbulk.News is powered by Breakbulk News & Media B.V. and is based in The Netherlands.